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How the EU wants to isolate banks’ risky bets

By Juergen Baetz
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How the EU wants to isolate banks’ risky bets

BRUSSELS (AP) — The European Union’s executive is proposing rules to contain the kind of excessive risk-taking by banks that set off the financial crisis. It aims to spare taxpayers from having to bail out large lenders again.

Wednesday’s EU proposal is similar to the so-called Volcker Rule in the United States and is a key part of the 28-nation bloc’s efforts to overhaul its financial system following the 2008-2009 meltdown. Here’s a look at the proposed rules.

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